Research >> Economics
New orders for manufactured goods Increased 1.9% in April
New orders for manufactured goods in April, up three of the last four months, increased $8.7 billion or 1.9 percent to $460.5 billion, the U.S. Census Bureau reported today. This followed a 1.7 percent March increase.
Shipments, up two consecutive months, increased $2.2 billion or 0.5 percent to $456.8 billion. This followed a 0.3 percent March increase. Unfilled orders, up three of the last four months, increased $6.6 billion or 0.6 percent to $1,137.3 billion. This followed a virtually unchanged March increase. The unfilled orders-to-shipments ratio was 6.94, up from 6.93 in March.
Inventories, down eleven of the last twelve months, decreased $0.5 billion or 0.1 percent to $620.8 billion. This followed a 0.1 percent March decrease. The inventories-to-shipments ratio was 1.36, down from 1.37 in March.
Posted: June 3, 2016 Friday 10:00 AM